Primary bond market

Voters will decide on more than $60 billion of bond ballot measures Tuesday with New York voters faced with the largest amount at $4.2 billion.

JobsOhio liquor profit, state revolving fund and GARVEE bonds scheduled to hit the market over the next two weeks.

ICE TMC, part of ICE Bonds, provides market participants access to an all-to-all market for trading munis and other bonds.

Investors will be greeted Monday with a new-issue calendar estimated at $5.268 billion.

The $200 million bond deal prices next week. The Jesuit school absorbed the nearby University of the Sciences earlier this year.

High-yield saw outflows of $867.067 million after $594.497 million of outflows the week prior while exchange-traded funds saw inflows of $736.967 million after $444.544 million of inflows the previous week.

Investors pulled $3.843 billion from mutual funds in the week ending Oct. 26 after $3.876 billion of outflows the previous week, according to ICI.

October returns were in the red with the Bloomberg Municipal Index showing a loss of 0.83% for the month, bringing total losses in 2022 to 12.86%. Only May and July saw positive returns for the asset class.

The state school in Ypsilanti is responding to declining enrollment with a student housing makeover financed through a public-private partnership.

With the Federal Open Market Committee meeting this week and the next week shortened by the bond market observance of Veterans Day, CreditSights strategists said "investors should be prepared for two weeks of subdued new issuance."